From a DP story form Matt Stephens and Sean Keller.
His contract is thru Dec. 31st, 2023.
His year salary before incentives:
2019: $2.4 million
2020: $2.675 million
2021: $2.95 million
2022: $3.225 million
2023: $3.5 million
If he terminates the contract to take another job his buy out is:
$5 million (if termination occurs during 2019), $3 million (during 2020), $1.8 million (during 2021) or $1 million (between 2022-23).
If he is fired CU owes him the salary for the year fired and that amount for each year of his contract. So if he was fired in 2021 for 2022 and 2023 CU would owe him $2.95 million each of those years. That would save CU $825,000.
He was giving an assistants pool of $3.2 Million per year.
His incentives are:
Win six games in the 2019 season ($50,000)
Receive $25,000 for each additional win after six victories in the 2019 season.
Win seven games in a season from 2020-2023 ($50,000)
Receive $25,000 for each additional win in a season after seven victories from 2020-2023.
Be invited to a bowl game ($100,000)
Be invited to a New Years Six bowl game ($175,000)
Be invited to the College Football Playoff ($450,000)
Win the national championship ($750,000)
Win the Pac-12 South ($25,000)
Win the Pac-12 championship ($50,000)
Be named Pac-12 Coach of the Year ($50,000)
Be named National Coach of the Year ($100,000)
Team attains a graduation success rate of 75% ($50,000)
Team attains an academic progress rate score of 965 ($25,000)
Support of student-athletes toward academic skills and development of academic culture (up to $100,000)
Welfare and development of student-athletes and support from the football program engendered from the CU student population (up to $100,000)
Development of football program outreach, culture and reputation on campus (up to $100,000).
the story does not say anything about what happens if he is fired and takes another job. I am trying to find the official contract.
His contract is thru Dec. 31st, 2023.
His year salary before incentives:
2019: $2.4 million
2020: $2.675 million
2021: $2.95 million
2022: $3.225 million
2023: $3.5 million
If he terminates the contract to take another job his buy out is:
$5 million (if termination occurs during 2019), $3 million (during 2020), $1.8 million (during 2021) or $1 million (between 2022-23).
If he is fired CU owes him the salary for the year fired and that amount for each year of his contract. So if he was fired in 2021 for 2022 and 2023 CU would owe him $2.95 million each of those years. That would save CU $825,000.
He was giving an assistants pool of $3.2 Million per year.
His incentives are:
Win six games in the 2019 season ($50,000)
Receive $25,000 for each additional win after six victories in the 2019 season.
Win seven games in a season from 2020-2023 ($50,000)
Receive $25,000 for each additional win in a season after seven victories from 2020-2023.
Be invited to a bowl game ($100,000)
Be invited to a New Years Six bowl game ($175,000)
Be invited to the College Football Playoff ($450,000)
Win the national championship ($750,000)
Win the Pac-12 South ($25,000)
Win the Pac-12 championship ($50,000)
Be named Pac-12 Coach of the Year ($50,000)
Be named National Coach of the Year ($100,000)
Team attains a graduation success rate of 75% ($50,000)
Team attains an academic progress rate score of 965 ($25,000)
Support of student-athletes toward academic skills and development of academic culture (up to $100,000)
Welfare and development of student-athletes and support from the football program engendered from the CU student population (up to $100,000)
Development of football program outreach, culture and reputation on campus (up to $100,000).
the story does not say anything about what happens if he is fired and takes another job. I am trying to find the official contract.
